Acer maintains quarterly financial momentum

Acer's board has revealed the vendor finished the third quarter of calendar 2014 with $US2.82 billion in consolidated revenue, up 5.3 per cent on the previous quarter, but down seven per cent year-over-year (YoY).

Acer's board has revealed the vendor finished the third quarter of calendar 2014 with $US2.82 billion in consolidated revenue, up 5.3 per cent on the previous quarter, but down seven per cent year-over-year (YoY).

Operating income for the quarter reached $US36.27 million, profit after tax (PAT) was $US21.38m, and earnings per share (EPS) came in at $US0.01.

YoY, operating income increased by $US120.71 million, with an operating margin of 1.3 per cent to exceed the previous two quarters. Gross profit totalled $US252.3m.

Through the first to third quarter of the year, Acer reported operating income of $US62.2m for a gain of $165.85m YoY. PAT was $US37.34m for a gain of $US462.78m YoY.

According to IDC's Q3 2014 data for PCs worldwide, Acer grew 13.3 per cent YoY in shipments in contrast to the overall industry decline of 0.5 per cent.